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Mark Cuban Dismisses Concerns of AI Causing Deflation, Calls It The "Greatest Growth And Productivity Engine Ever"

Billionaire investor Mark Cuban is arguing against the notion that artificial intelligence will be a primary driver of deflation and believes that it will be a massive driver of innovation and productivity.

What Happened: Anthony Pompliano, the founder and CEO of Professional Capital Management, in an X post claimed that AI will be the “strongest deflationary forces we will see in our lifetime.”

However, the American businessman and Shark Tank fame Cuban argued against this idea and said, “Disagree. Generative AI will be the greatest growth and productivity engine ever. We will see amazing new s**t that replaces the old s**t.”

He contends that entrepreneurs and investors will prioritize developing these new, high-potential AI-driven products over simply making existing products cheaper.

Cuban also defines deflation as a decrease in the price of existing goods and explains that AI will create new goods and services, for which people will pay a premium, rather than simply making existing goods cheaper. Therefore, he doesn’t believe AI will cause deflation.

“Deflation happens when we get more of what we already got at a cheaper price. ...

https://www.benzinga.com/25/04/44600269/mark-cuban-argues-ais-new-sht-will-drive-growth-not-deflation